Bakkt builds in momentum as crypto attraction stirs hedgies’ interest

Bitcoin crypto adobe stock AS 230x150
By Ross Lancaster
24 Oct 2019

After a lacklustre start to life, momentum is building on Bakkt’s physically delivered bitcoin futures, with the exchange hitting a record trading volume this week and the venture announcing new options contracts on those futures.

On Wednesday, a record 590 of Bakkt’s bitcoin monthly futures were traded. While that number is still very much of a contract in its infancy, more participation is expected. Market participants say that many accounts have faced delays entering the market as they go through compliance procedures before ...

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